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Can we cancel IPO subscription?

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Yes, you can cancel IPO subscription if you are a retail investor in mainboard IPO or an individual investor in SME IPO, employee, or shareholder in SME IPOs. Some SME IPOs have restriction on cancellation, hence check the offer documents carefully.

QIBs and NIIs are not allowed to cancel their IPO bids once placed. They can only modify it to increase the bid size.